Arcadia Townhomes represents the rare opportunity to purchase a fully entitled, shovel ready development platted for 12 large (1,780 SF) two-story townhomes in the trendy Citrus Acres neighborhood of Arcadia Lite. The proposed extremely spacious townhome units are some of the largest townhomes in the submarket and will offer residents modern features and amenities. Those amenities will include modern plank flooring, shaker cabinets, quartz countertops, subway tile backsplash, full size stainless-steel appliances, in-unit front load washer/dryer, modern lighting and fixtures, sliding glass doors leading to private back patios along with direct access two-car garages.
Arcadia Townhomes is located in one of the hottest rental neighborhoods in Metro Phoenix, the desirable Citrus Acres neighborhood of Arcadia Lite. In recent years the immediate neighborhood has been rejuvenated and has seen a complete transformation with many older homes and apartment communities being renovated and upgraded or having been razed and redeveloped into high end homes with values over $1M. The demand is driven by the continued strength of the Camelback Corridor which hosts a dynamic mix of class “A” quality office space coupled with high end retail and popular shops and trendy restaurants providing the Live, Work, Play environment right in the neighborhood. Neighborhood hotspots for future residents of Arcadia Townhomes to enjoy include: La Grande Orange, Postino’s, The Vig Arcadia, The Porch, OHSO, Hillstone, Tarbell’s, Zipp’s, Buck & Rider, Chestnut, Flower Child and Pita Jungle – all a short walk or bike ride away. This transformation into a Live, Work, Play destination has led to escalating demand resulting in a significant increase in rents and subsequent property values which will continue to rise as more residents move into the booming submarket.
